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If the goals of JIT partnerships are met, which of the following is a result?

A) For incoming goods, receiving activity and inspection are outsourced. B) In-transit inventory falls as suppliers are located closer to facilities. C) Suppliers maintain a variety of customers to reduce risk. D) In-plant inventory replaces in-transit inventory. E) All of the above are consequences of meeting the JIT partnership goals.

Mr. Jiminez wants his 16 year old son to buy a life insurance policy as an investment for college. He asks you if it is legal for a minor child to purchase and own life insurance. You correctly respond by saying:

A) minors never have capacity to enter contracts B) minors always have capacity to enter contracts C) the courts have ruled that it is illegal for minors to purchase life insurance D) the courts have ruled both ways on minors' ability to own life insurance